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Economists Warn of Severe Recession as Fed Continues Raising Interest Rates to Fight Inflation
2.11.2022
A growing number of economists have warned about a severe recession in the U.S. if the Federal Reserve keeps up its fight against inflation. “Each adverse development in the outside world implies the Fed is going to have to do more in order to bring the situation under control,” said...
Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners
2.11.2022
On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated”...
Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report
1.11.2022
Some of the miner's convertible bondholders are working with restructuring lawyers at Paul Hastings
Indian Central Bank RBI Begins First Digital Rupee Pilot Today
1.11.2022
India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or...
SEC Chair Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday — Says Let’s Make Sure Crypto Investors Get Proper Protection
1.11.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto’s Bitcoin whitepaper a happy birthday. “It has led to innovation and crypto asset investing. Let’s make sure as crypto enters its 15th year that investors get proper...
Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’
30.10.2022
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke...
US Lawmakers Probe SEC, Treasury, Federal Reserve Over Revolving Door With Crypto Industry
30.10.2022
U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” the lawmakers said, adding that they include 31 Treasury Department officials and...
Brussels to Spur Rollout of Instant Payments in Euro, Proposes Legislation
29.10.2022
The European Commission has approved a proposal to accelerate the introduction of euro instant payments. The technology is there and Europeans should be able to send and receive money immediately, the executive body said, revealing its intentions to push the industry toward wide adoption. EU Moves...
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
29.10.2022
Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) has said. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. dollar dropping to a new low...
Elon Musk Takes Control of Twitter, Fires CEO and CFO — Says He Buys Twitter ‘to Help Humanity’
29.10.2022
Tesla and Spacex CEO Elon Musk has completed the acquisition of Twitter Inc. and reportedly fired the company’s CEO and CFO. “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square,” he said. “There...
Majority of Voters Want More Crypto Regulation — See Digital Assets as Long-Term Part of Economy, Survey Shows
28.10.2022
A new survey shows that a majority of likely voters want more crypto regulation. “Our national survey shows voters believe in the promise of digital assets and see it as a long-term part of the economy and their financial future,” said the Crypto Council for Innovation. Voters Want More...
Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says
28.10.2022
The government of Singapore has revealed the number of crypto scams reported to the police in the past three years. “The vast majority of cryptocurrency scams are perpetrated by scammers based outside Singapore. As such, there is a limit to how much law enforcement agencies in Singapore...
Mad Money’s Jim Cramer Apologizes for Being Wrong About Facebook Parent Meta After Stock Plunges
28.10.2022
The host of Mad Money, Jim Cramer, has apologized to investors for being wrong about Facebook parent Meta Platforms after its stock plunged to a record low. “I made a mistake here. I was wrong,” he said emotionally after stating previously that Meta was a good investment. “I...
Google Launches Blockchain Node Engine, Says ‘Ethereum Will Be the First Blockchain Supported’
27.10.2022
After revealing Alphabet Inc.’s Google Cloud partnership with Coinbase, the multinational technology conglomerate holding company has announced the firm’s “Google Cloud Blockchain Node Engine.” While more blockchains will be supported, Google said that “Ethereum will be the first blockchain...
Fed Governor Waller Skeptical of Central Bank Digital Currencies — Says He’s ‘Not a Big Fan’ of the Fed Issuing Digital Dollar
27.10.2022
Federal Reserve Governor Christopher Waller says he is not a big fan of the Fed issuing a central bank digital currency (CBDC). “It’s just a checking account at the Fed,” said the governor. Federal Reserve Chairman Jerome Powell recently said that the central bank has not decided...
Convert Fahrenheit to Celsius with JavaScript
26.10.2022
The United States is one of the last bodies that refuses to implement the Celsius temperature standard. Why? Because we’re arrogant and feel like we don’t need to change. With that said, if you code for users outside the US, it’s important to provide localized weather data...
Rishi Sunak Becomes UK Prime Minister — He Wants to Make Britain a Global Crypto Investment Hub
26.10.2022
Britain’s former Chancellor of the Exchequer Rishi Sunak has become the country’s new prime minister, succeeding Liz Truss who resigned after 44 days in office. The leader of the Conservative Party previously said: “It’s my ambition to make the U.K. a global hub...
Africa Focused Crypto Exchange Yellow Card Granted VASPs License in Botswana
25.10.2022
Yellow Card, an Africa-focused cryptocurrency exchange platform, recently said it has received a virtual asset service provider (VASP) license to operate in Botswana. Granted by the country’s Non-Bank Financial Institutions Regulatory Authority, Yellow Card’s license allows the crypto...
Israel’s Stock Exchange Unveils Plan to Create Digital Asset Platform and Venture Into Crypto
25.10.2022
The Tel-Aviv Stock Exchange, the only public stock exchange in Israel, has announced that it is entering the crypto space and creating a platform for digital assets. “The next five years are a critical window of opportunity for TASE to play an active role in the technological revolution...
Crypto Lawyer John Deaton Praises XRP Holders For Efforts During Ripple Lawsuit – Find Out What He Said
24.10.2022
John Deaton, crypto lawyer and founder of legal and regulatory digital asset news company CryptoLaw, has praised XRP holders for their support in the ongoing Ripple lawsuit.
In a Saturday tweet, Deaton mentioned that 3,000 XRP holders' affidavits have been submitted by Ripple. He said that this...